Sunday, September 15, 2024
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IT layoffs fallout: Nasscom steps up lobbying with US lawmakers over H1-B visa rules

The National Association of Software and Services Companies (Nasscom) — the industry body for information technology (IT) in India — has stepped up its lobbying with US lawmakers to get them to change rules pertaining to immigration.

The stress could be on the H1-B visa, which the current administration under US President Donald Trump has cut to quite an extent, forcing IT firms to look to Americans as prospective employees.

The step has led to drastic job cuts in the hitherto burgeoning Indian IT sector, which is valued at $150 billion. Nasscom itself may have refuted some of these reports, but it has also urged IT professionals to “re-skill” themselves — learn skills that are more relevant to the industry now and where there is a paucity of manpower — in order to become employable again.

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